Rivers Assembly Approves N10b Loan For Wike | Independent Newspapers Limited
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Rivers Assembly Approves N10b Loan For Wike

Posted: Jun 12, 2015 at 2:00 am   /   by   /   comments (0)

By Daniel Abia –   Port Harcourt


The Rivers State House of Assembly on Thursday approved a loan of N10 billion requested by the Governor, Nyesom Wike, to execute some vital projects.

Similarly, the House summoned the Ministry of Health to appear before its Ad Hoc committee over the raging scourge of Ogogoro (locally brewed dry gin), which has so far claimed over 60 lives in the state.

The approval for the loan followed a letter by the governor to enable the state fund some vital projects.

Twenty-eight lawmakers voted in favour of the approval, saying that the request was important, because the immediate past administration left an empty treasury.

The Speaker, Ikuinyi Ibani, stated that no government can survive without funds, warning that the Assembly would not engage in frivolous approvals, but those that are transparent and can be accounted for.

According to him, the N10 billion loan facility would be gotten from Zenith Bank and repaid through Valued Added Tax (VAT).

“He (Wike) cannot do that without cash back. No government runs without financial base. We must provide succor for our people, so that they can begin to see changes between yesterday and today.

“This Assembly will not engage in frivolous approval and resolutions. As an Assembly, we have the responsibility to know what the funds sought for, were meant for”.

Meanwhile, the House has invited the Ministry of Health over the reported case of deaths emanating from the consumption of Ogogoro in the state and efforts put in place to curtail the further spread of its consumption.

Leader of the House and sponsor of the motion, Martins Amaewhule, raised the alarm that the local gin had claimed over 60 lives in the state, and called for an urgent intervention to forestall the menace.

Also, the House has committed the High Court Amendment Law 2015, to an ad hoc committee to conduct a public hearing on the issue.